Olymp Trade Reviews
On olymp trade platform I earned my first 100$.
Remember this day as it was yesterday. But it was long time ago.
Since then, I don't have any wish to try other brokers. I got used to trade with olymp trade and I am happy. Cheers.
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Very bad experience with Olymp trade
Very bad experience with Olymp trade. Worst ever platform I ce across. They have blocked my account after successful verification also. And after 50 mails also, their reply is same , we are working on this. No improvement,bad customer care service. Do not install this app. Not recommended at all.
Reply from Olymp Trade
Greetings, Arun Bhat.
It is a pity that you made such a conclusion but thank you for writing to us. Regarding your conclusion, Olymp Trade is a regulated and trustworthy company. We are strictly under the Olymp Trade模擬交易 observation of our regulator - Finacom. That means Olymp Trade needs to comply with rules and regulations. These rules are stated Olymp Trade模擬交易 in the Service Agreement, which you have agreed to before registering the Olymp Trade account. Any actions of failing to follow the Olymp Trade模擬交易 rules could lead us to lose our certification. That’s why it is important for us to comply.
Regarding your blocked account, here is a thing that you can do. If you do not agree with the company’s decision, you can file a complaint via [email protected] You can include your ID account and the details of your case. They will review your case thoroughly and make the final decision.
Olymp Trade Demo Account – 100% Free
First-time users signing up to OlympTrade will soon discover that the platform offers more than one account option. There are also two main trading systems in place; MT4 and the company's proprietary platform.
A demo account is a practice environment that helps new traders get familiar with the trading technologies offered by Olymp Trade. You can create a demo account on OlympTrader’s web interface as well as an MT4 demo account.
The accounts provide a real feel of the actual experience of trading with actual cash. Traders access real-time charts that depict market movements and real spreads.
There's a chance to make profits, but they cannot be withdrawn. There is no need to sign up with a credit card or add a payment method to file before accessing the demo environment. Unlike some providers that limit Olymp Trade模擬交易 their demo account to 30 days, OlympTrade has not placed any such limits.
Comparison with a live account
In their official blog Olymp Trade模擬交易 Olymp Trade模擬交易 post, OlympTrade notes that they have placed a limit of one week on trades placed through their proprietary trading interface. They recommend that traders who want to practice long-term strategies either use the real money account or the mt4 demo account.
For real money practice trades, you should consider using a small budget to avoid incurring substantial losses if the strategy is not successful.
Another difference between the demo and live account is that you can't exhaust the balance for the demo account. If the balance falls to zero, traders can easily replenish their account balance to $10,000 in virtual currency in just two steps.
How to open a demo account?
Using the Olymp Trade platform, you can open a demo account that will be as similar as possible to the real one, where the same trading conditions, tools, and quotation lists are applied. There you can also find analytical information necessary for trading and making the right decisions.
After registration is completed, the demo version of the broker becomes available. 10,000 virtual currency units are received instantly, which can be spent testing the terminal and getting used to the system.
How to use it
Don't set out to create a demo account and use it for a couple of days before transitioning to a real money account. It's essential to implement various strategies that will make your time in the Olymp Trade模擬交易 practice environment highly productive.
Also, keep in mind that it's possible to switch to a real money account only to Olymp Trade模擬交易 break a profit streak simply because there will be more emotions involved and a higher chance of mistakes happening.
Here are the best-recommended tips to get the best value from the OlympTrade demo account:
Create a study plan — Stay committed to practicing on the demo account by creating a study plan. A good plan may entail spending at least two hours a day on the demo account for the next 30 days.
Gain a firm understanding of the basics of trading — OlympTrade provides a robust educational center with plenty of tutorials. Gain a strong grasp of different types of technical indicators along with charting tools.
Develop a risk management system from the start — Don’t open trades with $1000 just because you have $10,000 in virtual currency. Set a reasonable trade size such as $10 and aim to grow with that. Similarly, consider learning about risk management Olymp Trade模擬交易 strategies such as setting stop losses.
Treat virtual currency as real money — That means there should be some emotions attached to losing virtual currency. This will help in managing emotions when dealing with actual cash.
What to do if the demo account for Olymp trade has ended
By choosing Olymp Trade , you can apply different strategies. If the money runs out — 10 thousand conventional currency, do not rush to switch to real funds. There is a great risk of losing your investment.
If you liked working with the broker's options, but the conditional currency is running out, you can top it up and continue training.
Please note that virtual balance replenishment is only available if the virtual account has less than 5000 conventional currency. Virtual money is credited instantly.
This broker is a good opportunity to trade options, get experience, skills and practice in this field.
Forex on the Best Terms
With Olymp Trade, you can be sure your trading skills are matched with excellent service.
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2 Trading Platforms. 1 Excellent Service.
Both Platforms are Available for Desktop and Mobile
An advanced option for those who value low spreads, automated trading, and all the analytical tools that MT4 has to offer.
Market Analysis on a New Level
You can continue to build Olymp Trade模擬交易 on your trading skills with the help of a whole team of market experts.
Webinars and Video Tutorials
Free Trading Strategies
30+ Technical Analysis Tools
Maximize the profitability
Get exclusive privileges
Take Profit/Stop Loss
Protect your investment
Get the most out of each trade
Seize all trading opportunities
Why Olymp Trade?
We know that, when it comes to online trading, you have plenty of brokers to choose from. However, Olymp Trade makes the choice obvious.
30M Client Accounts
Clients from 134 countries have chosen Olymp Trade to be their trusted broker.
Special bonus on your demo account to practice risk‐free and get comfortable with the platform.
6 Years in the Industry
Over the years, we’ve gained a solid reputation among traders and industry peers alike.
Olymp Trade — a Forex Broker You Can Trust
Olymp Trade is a member of the International Financial Commission — a regulatory body formed to protect the interests of traders.
Our traders are entitled to Olymp Trade模擬交易 free legal aid in any disputes they may raise with the broker.
Should any wrongdoing be proven on the part of the broker, a trader may receive up to €20,000 in compensation.
Each transaction is insured
It is really happening — Shikhar Dhawan is our official partner now! Light up your trading with the joyful energy of the star batsman.
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The Transactions offered by this Website can be executed only by fully competent adults. Transactions with financial instruments offered on the Website involve substantial risk and trading may be very risky. If you make Transactions with the financial instruments offered on this Website, you might incur substantial losses or even lose everything in your Account. Before you decide to start Transactions with the financial instruments offered on the Website, you must review the Service Agreement and Risk Disclosure Information. The services on the Website are provided and regulated by Saledo Global LLC, registered at: First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines, which is fully licensed to perform its activities by the laws of that country. Partner companies: VISEPOINT LIMITED; registration No. C 94716, registered at: 54, Immakulata, Triq il-Mina ta’ Hompesch, ZABBAR ZBR 9016, MALTA and WALLFORT LIMITED, registration number HE 364395, registered at: Agias Zonis & Thessalonikis, NICOLAU PENTADROMOS CENTER, 5th floor, flat/office 305B, 3026 Limassol, Cyprus, provide content and perform operational management of the business.
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How To Trade And Win In Olymp Trade With A Simple And Easy Olymp Trade模擬交易 Way
As beginners, many people want to test whether the Olymp Trade platform really pays money and lets you withdraw money or Olymp Trade模擬交易 Olymp Trade模擬交易 Olymp Trade模擬交易 not. Here, in this article, I will show you one of the easiest ways to open a profitable order and make some profit in Olymp Trade. At the same time, I will give you a few notes on how to trade in Olymp Olymp Trade模擬交易 Trade.
Video for making money in Olymp Trade with an account of $50
How to make money in Olymp Trade with a $50 account
Choose the reasonable trading assets in Olymp Trade
If you are new with a starter account of only $50, then you should Olymp Trade模擬交易 choose currency pairs or assets with a payout rate of 80% or more. This is the profit ratio that you will receive if you win. For example, you enter 1 transaction of $100 with a payout of 80%. If you win, you will gain a profit of $80.
Notes: The higher the payout rate is, the more secure your balance becomes.
For example, you are trading with the USD/JPY pair and a payout of 60%. You open 5 orders ($10 each). 3 wins – 2 losses => You lose $20 for 2 losing orders and make $18 for 3 winning orders => Your balance is still losing $2.
But if you trade with the EUR/USD pair and a payout of 80%. You also open 5 orders ($10 each). 3 Olymp Trade模擬交易 wins – 2 losses => You are still profitable with $4.
Advice for beginners: EUR/USD and GBP/USD are the best 2 currency pairs for you to get acquainted with during your first trades.
The principles of candlesticks
At different time frames, the price will have different fluctuations. It will also create different candlesticks. Just by observing, you can realize this.
For example, during this trading time frame, EUR/USD creates alternating green and red candles. There are at most 4 consecutive green candles, after which a red candle will appear. And vice versa, there are at most 4 consecutive red candles and then green candles will appear.
Notes: Do not observe the 1-minute Japanese candlestick pattern. Fast fluctuations may make you lose money faster and easier.
Open correct orders
Now you know the principle of candles. The trading strategy for use in Olymp Trade that I mention now will be as follows. When 2 red candles appear in the market, you should start opening orders. Now you bet Olymp Trade模擬交易 that the third candle will be a green one. If the third candle is still a red one, then open another order Olymp Trade模擬交易 to bet that the fourth one will be green. It means that you will open 2 “HIGHER” orders continuously.
For details, you open 2 “HIGHER” orders to bet that a green candle will appear after 2 consecutive red candles.
Order 1: Bet on a green candle – open an UP order – $2 => LOSE
Order 2: Bet on a green candle – open 1 more UP order – $5 => WIN
After 2 orders, you gain a profit of $2.1. Profit ratio is $2.1/$50 = 4% of the balance.
Know where to stop
Do you ever have these questions as follows? If you lose both orders in a row, what should you do? The answer is “Stop!”. When the movements of candles do not follow any cycle, then stop. Keep your money.
On the contrary, if you win, you should also know where to stop. You may find Olymp Trade模擬交易 that you have only earned a few dollars. But in fact, the profit you gain is several percentages of your total capital.